Fed's chair will make the monetary policy statement. Investors will mainly focus on the Fed’s new average inflation targeting regime and economic guidelines.
Tag - jpy - japanese yen
GBP/USD tested the key resistance level at 1.33191.
GBP/USD is now testing the key resistance at 1.32605.
Initial US jobless claims totaled just over 1 million for the week ending Aug. 22 down from 1.104 million in the previous week.
Today we anticipate the speech by the Fed Chair Jerome Powell during the Jackson Hole Symposium.
The risk-on mood in the US equity market continues, however there was a mixed picture in Asian equity markets this morning. All eyes on Powell's speech.
The USD/JPY pair is about to exit the Kumo. If that happens, a new bullish sentiment is in force.
NZD/JPY pair is trading Tenkan Sen and Kijun Sen level. An upward wave would lead the pair into higher ground, confirming the bullish scenario.
The session goes relatively quiet, with the USD going mostly steady - time to re-group. The oil price crossed $43, gold is approaching tactical support levels.
EUR/USD has tested the hurdle at 1.18431 in today's session
The overall sentiment remains upbeat amid vaccine hopes and improved US-China relationships. Let's have a closer look.
The overall sentiment remains upbeat amid vaccine hopes and improved US-China relationships. Follow the report of US consumer confidence at 17:00 MT time!